Question: If a company chooses the fair value option, a decrease in the fair value of the liability is recorded by: a. Crediting Gain on Restructuring

If a company chooses the fair value option, a decrease in the fair value of the liability is recorded by:

a. Crediting "Gain on Restructuring of Debt."
b. Crediting "Realized Holding Gain."
c. Debiting "Unrealized Holding Gain/Loss-Income."
d. None of the above is correct.

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